mrbitbank
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May 14, 2013, 05:19:51 PM |
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For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see! Well if you look at the past red candle activity, every week or so there is someone dumping coins, maybe its a silk road trader, but its as regular as clockwork and who ever it is, is overdue for a dump to get their hand on fiat |
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dexX7
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May 14, 2013, 05:25:55 PM |
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I'm thinking it should be possible to come up with some heuristics for how reliable bids and asks are based on how much and how far from the price they are based on historical data. Then it should be possible to generate a wall chart by removing low-confidence bids and asks. May have to give that a try.
I'd really love to see that. Please do an announcement in this thread, if you start publishing somewhere else. Anyway, what's your data source? I assume you keep ChartBuddy's information. |
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glendall
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Sugars.zone | DatingFi - Earn for Posting
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May 14, 2013, 05:27:08 PM |
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For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants
Really ? Hmmm I think we have entered a period of more stability than that . I doubt we'll see a 30% fall, but that'd be great. |
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Rampion
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May 14, 2013, 05:33:37 PM |
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i think we should hold here for a while, lets enjoy the nice wall at 120  stable bits FOREVER!  Well, this is better than stable. In the last 7 days we went from $105ish to $119. That's going UP 14% in 7 days.  |
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MAbtc
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May 14, 2013, 05:35:11 PM |
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I don't think we are stable. If we are in this trading range in a month, maybe we are stable. I don't sense confidence in these mini rallies. I'm actually holding mostly BTC at the moment, but my finger is on the trigger and I am not confident we break 120-125 resistance.
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Coinseeker
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May 14, 2013, 05:38:57 PM |
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I don't think we are stable. If we are in this trading range in a month, maybe we are stable. I don't sense confidence in these mini rallies. I'm actually holding mostly BTC at the moment, but my finger is on the trigger and I am not confident we break 120-125 resistance.
Someone with a brain. Becoming rarer these days. |
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Its About Sharing
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Antifragile
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May 14, 2013, 05:44:47 PM |
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The MtGox Market depth is looking better and better, albeit on low volume. Considering that, I am surprised how good it is looking. Yes, it can be manipulated.
That said - The bids at $70 are up solid just as the asks at $300 being down good. Total sales are dropping but the $ value of sale level is rising (e.g. - 100k level sells rose from $165 - $175).
Again, worried about the volume but at least the price is going up and not down along with the good market data.
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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May 14, 2013, 05:56:16 PM |
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I don't think we are stable. If we are in this trading range in a month, maybe we are stable. I don't sense confidence in these mini rallies. I'm actually holding mostly BTC at the moment, but my finger is on the trigger and I am not confident we break 120-125 resistance.
I think we are stable, but I agree- the 109 to 119 is probably ephemeral. I think we are more likely still around 109 average. |
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michaelGedi
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Activity: 364
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"to be or not to be, that is the bitcoin"
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May 14, 2013, 06:00:59 PM |
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Frozenlock
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May 14, 2013, 06:02:32 PM |
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That's for taking money out of MtGox. |
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ChartBuddy
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May 14, 2013, 06:02:49 PM |
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molecular
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May 14, 2013, 06:09:43 PM |
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still new verified customers on Gox coming in...
I recently had to verify my account. I'm hardly new. Registered 2011. |
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Richy_T
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May 14, 2013, 06:10:22 PM |
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And if my grandmother had wheels she'd be a bus... the walls are pretty pointless, but they're still there Until they're not. |
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michaelGedi
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Activity: 364
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"to be or not to be, that is the bitcoin"
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May 14, 2013, 06:13:37 PM |
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still new verified customers on Gox coming in...
I recently had to verify my account. I'm hardly new. Registered 2011. ok new ly and the delete the "coming in"  whatever that means for price and money... heh |
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Richy_T
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May 14, 2013, 06:14:39 PM |
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I'd really love to see that. Please do an announcement in this thread, if you start publishing somewhere else. Anyway, what's your data source? I assume you keep ChartBuddy's information.
I am currently archiving it but my /home is running out of space quickly so I need to work something out. Unfortunately, Gox returns a lot of data, most of which I don't use. I'm thinking of finding a way to strip that out (this would also speed up the generation of the chart since JSON-> Perl hash is fairly slow. Though even with that, I don't actually retain enough data. Simply having the bids and asks isn't enough, I need the actual trades also. I think I'd best work out how to do socket.io for that though. |
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ronaldlee0917
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May 14, 2013, 06:16:00 PM |
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Ask bids are slowly piling up and buying pressure is slowly expending
I think we won't be breaking 120 for a few days unless some big players decide to buy 4k of bitcoins or the mega walls there are lifted.
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ineededausername
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May 14, 2013, 06:18:17 PM |
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Ask bids are slowly piling up and buying pressure is slowly expending
I think we won't be breaking 120 for a few days unless some big players decide to buy 4k of bitcoins or the mega walls there are lifted.
There is at least one person who I know is debating whether to buy that entire wall right now. |
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mccorvic
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May 14, 2013, 06:24:20 PM |
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Ask bids are slowly piling up and buying pressure is slowly expending
I think we won't be breaking 120 for a few days unless some big players decide to buy 4k of bitcoins or the mega walls there are lifted.
There is at least one person who I know is debating whether to buy that entire wall right now. That person should probably just put up a buy wall instead and eat the next "durrdurr i m a bear" dump. More coins for less. |
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Piper67
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May 14, 2013, 06:25:33 PM |
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Ask bids are slowly piling up and buying pressure is slowly expending
I think we won't be breaking 120 for a few days unless some big players decide to buy 4k of bitcoins or the mega walls there are lifted.
There is at least one person who I know is debating whether to buy that entire wall right now. That person should probably just put up a buy wall instead and eat the next "durrdurr i m a bear" dump. More coins for less. Nah, the way things are now, all coiled up, the moment a wall pops up on the bid side that 4k ask wall gets eaten alive. |
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mccorvic
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May 14, 2013, 06:28:41 PM |
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Ask bids are slowly piling up and buying pressure is slowly expending
I think we won't be breaking 120 for a few days unless some big players decide to buy 4k of bitcoins or the mega walls there are lifted.
There is at least one person who I know is debating whether to buy that entire wall right now. That person should probably just put up a buy wall instead and eat the next "durrdurr i m a bear" dump. More coins for less. Nah, the way things are now, all coiled up, the moment a wall pops up on the bid side that 4k ask wall gets eaten alive. Even in that event, I'd expect a dump back down to just below current levels right after. Bears just can't help themselves |
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